Stock Market Today: All You Need To Know Going Into Trade On Jan. 14

In Asia, Japan's benchmark Nikkei 250 was down 0.9% while South Korea's Kospi gained 0.35% early Tuesday. Australia's SPX/ASX 200 surged 0.38%.

US markets ended mixed on Monday with decline in tech stocks. The S&P 500 rose 0.16% to close at 5,836, while the Dow Jones Industrial Average advanced 0.86% to 42,297. Nasdaq Composite declined 0.38% to 19,088.

In the futures market, S&P 500 was up 0.27% and Dow Jones by 0.16% as of 6:15 a.m. India time. Nasdaq futures climbed 0.44%, indicating a possible rebound in tech stocks.

The US Dollar Index remained steady at 109.95, while the US 10-year bond yield stood at 4.76%.

In commodities, Brent crude rose 1.57% to $81 per barrel, and gold spot prices edged up 0.18% to $2,667.87.

Indian equities extended their fall for the fourth consecutive session, with financials, energy and realty stocks weighing down the indices. The Nifty has seen the worst first nine sessions of a year since 2016.

The NSE Nifty 50 ended 345.55 points or 1.47%, lower at 23,085, while the BSE Sensex lost 1,048.90 points or 1.36%, to close at 76,330.01.

Foreign portfolio investors stayed net sellers of Indian equities for the seventh straight session on Monday and sold stocks worth Rs 4,892.8 crore. Domestic institutional investors have been buyers for the 19th consecutive session and bought stocks worth Rs 8,066.1 crore, according to provisional data from the National Stock Exchange.

The Indian rupee weakened by 61 paise to end at 86.58 against the US dollar.

Benares Hotels, Hathway Cable & Datacom, HDFC Asset Management Company, Network18 Media & Investments, Shoppers Stop

Marathon Nextgen Realty Q3FY25 (Consolidated, YoY)

• Revenue down 41.4% at Rs 123 crore versus Rs 210 crore

• Net profit down 3.4% at Rs 49.04 crore versus Rs 50.8 crore

• Ebitda down 52.3% at Rs 36.4 crore versus Rs 76.3 crore

• Margin at 29.5% versus 36.25% 

Den Networks Q3FY25 (Consolidated YoY)

• Revenue down 4.5% at Rs 261crore versus Rs 273 crore

• Net profit down 12.3% at Rs 42 crore versus Rs 48 crore

• Ebitda down 32% at Rs 28 crore versus Rs 41 crore

• Margin down at 11% vs 15%

HCL Technologies Q3FY25 (Consolidated QoQ)

• Net profit up 8.4% at Rs 4,594 crore versus Rs 4,237 crore

• Revenue up 3.6% at Rs 29,890 crore versus Rs 28,862 crore

• Ebit up 8.6% at Rs 5,821 crore versus Rs 5,362 crore

• Ebit margin at 19.5% versus 18.6%

Himadri Speciality Chemical Q3FY25 (Consolidated YoY)

• Revenue up 8.4% at Rs 1,141 crore versus Rs 1,053 crore

• Net profit up 30% at Rs 141.2 crore versus Rs 109 crore

• Ebitda up 27% at Rs 221 crore versus Rs 174 crore

• Margin up at 19.4% versus 16.5%

Anand Rathi Wealth Q3FY25 (YoY)

• Net Profit up 33.2% at Rs 77.3 crore versus Rs 58.04 crore

• Total income up 30.4% at Rs 244 crore versus Rs 187 crore

Angel One Q3FY25 (Consolidated YoY)

• Net Profit up 8.1% at Rs 281 crore versus Rs 260 crore

• Total Income up 19.1% at Rs 1,264 crore versus Rs 1,061 crore

Delta Corp Q3FY25 (Consolidated YoY)

• Net profit up 3.6% at Rs 35.7 crore versus Rs 34.5 crore

• Revenue down 7.5% at Rs 194 crore versus Rs 210 crore

• Ebitda down 42.4% at Rs 32.1 crore versus Rs 55.8 crore

• Margin at 16.5% versus 26.6%

• Bharat Electronics: The company has received work orders totaling Rs 561 crore, with major orders including communication equipment, electro-optics, upgrades for the satcom network, radar and fire control systems, spares, services, and more.

• ITI: The company has secured orders from Sambalpur University in Odisha for Wi-Fi and LAN services valued at Rs 35 crore, and an Integrated Security System order from Central Railway worth Rs 29.14 crore, bringing the total to Rs 64 crore.

• Adani Wilmar: Lence PTE has authorised Adani commodities to sell 9.3 crore shares in the offer for sale. Lence is one of the company's promoters.

• Chambal Fertilisers & Chemicals: The company has received a GST demand order of Rs 1.3 crore from the Kolkata tax authority, with a penalty imposed for the non-payment of service tax under the reverse charge mechanism.

• Torrent Pharmaceuticals: The company has set Feb. 1 as the record date to determine its members for the purpose of paying the interim dividend, subject to approval by the board at their meeting scheduled for Jan. 24.

• IEL: The company has set Jan. 17 as the record date for the rights issue. The rights issue, valued at Rs 45 crore, has already been approved by the company.

• Bartronics India: The company's promoter is set to sell 1.9 crore shares through an OFS on Jan. 14 and 15, representing a 6.29% stake in the company. The floor price for the OFS has been set at Rs 22 per share.

• Dabur India: The company has received a GST demand order of Rs 3.47 crore, including interest and penalty, from the Kolkata tax authority. It has stated that this order will not impact its financial, operational, or other activities.

• IFGL Refractories: The company has received a demand cum show cause notice for Rs 2.5 crore from the Gujarat Customs Department.

  The show cause notice, issued by the Commissioner of Customs, Kandla, pertains to the period from fiscal 2019-20 to fiscal 2023-24.

  It alleges that the company's Kandla SEZ unit procured Bauxite/Calcined Bauxite from DTA suppliers without paying Export Duty.

• Zee Media Corp.: The company has approved raising funds of Rs 400 crore through qualified institutional placement or other means. It has also approved increasing the shareholding limit for foreign portfolio investors and foreign institutional investors from 24% to 49% of the company’s paid-up share capital.

• Puravankara: PPL Hebbal Developers' Pvt., a wholly owned subsidiary of Puravankara Ltd., has invested in NBD Office Park LLP as a partner, with a capital contribution of Rs 2,96,00,000, representing a 24.99% share.

• JSW Energy: The company has received a letter of intent for the 3.6 GW KSK Mahanadi thermal power plant and approval for its resolution plan for KSK Mahanadi power.

• United Spirits: Diageo India has appointed Praveen Someshwar as chief executive officer-designate. Hina Nagarajan will transition to a new role at the parent company, Diageo Plc.

• Bajel Projects: The company has received a work order from Adani Energy for the construction of transmission lines.

• Ddev Plastiks Industries: NSE has approved the application and granted permission for listing on its exchange, effective from Jan. 15, 2025.

• Voltas: The company has appointed Kishore Chandrasekharan as head – commercial air conditioning effective from Jan. 13.

• Quess Corp:  The company has received an income tax refund, including interest, amounting Rs 74 crore for assessment year 2018-2019.

• Electronics Mart India: The company has started the commercial operations of a new multi-brand store under the brand name Bajaj Electronics on Jan. 13, 2025.

• ICICI Lombard General Insurance: The company has been investing in PNB Housing Finance in multiple tranches over time. On Jan. 13, 2025, it acquired shares worth Rs 0.04 billion. Its cumulative holding in the target entity now stands at 0.37%.

• Gufic Biosciences: The company has invested Arab Emirate Dirham 200,000 in its Dubai-based subsidiary through an initial subscription to shares.

• Piramal Enterprises: Life Healthcare has entered into a binding agreement for the sale of life molecular imaging. Upon completion of the proposed transaction, the company is set to receive an estimated amount of $140 million.

• Quadrant Future Tek: The shares wil debut on the stock exchanges on Tuesday at an issue price of Rs 290. The IPO was subscribed 195.96 times over the three days of bidding last week, led by demand from non-institutional investors.

• Laxmi Dental Ltd.: The public issue was subscribed to 5.3 times on day one. QIBs bid at 0.13 times, non-institutional investors bidding was at 10.87 times, retail individual investors bidding was at 12.48 times.

• Amrutanjan Health Care: Sundaram Mutual Fund sold 2.14 lakh shares (0.74%) at Rs 700 apiece.

• Concord Enviro Systems: Roshani Jignesh Shah bought 1.08 lakh shares (0.52%) at Rs 657.29 apiece.

• Price Band Change from Rs 10 to Rs 5: ITI, Jai Corp.

• Price Band Change from Rs 5 to Rs 10: Sri Adhikari Brothers Television Network, Sathlokhar Synergys E&C Global

• Move Out of ASM Framework: Apollo Micro Systems, Manoj Vaibhav Gems N Jewellers

• GAIL (India): To meet analysts and investors on Feb. 10, Feb. 13, Feb. 14 and Feb. 20.

• Patel Engineering: To meet analysts and investors on Jan. 16.

• Veranda Learning Solutions: To meet analysts and investors on Jan. 16.

• AGI Greenpac: To meet analysts and investors on Jan. 16.

• Bajaj Finance: To meet analysts and investors on March 11.

• KRN Heat Exchanger and Refrigeration: To meet analysts and investors on Jan. 17.

• Nifty January futures down by 1.42% to 23,168 at a premium of 83 points.

• Nifty January futures open interest up by 2.39%.

• Nifty Options Jan. 16 Expiry: Maximum call open interest at 24,500 and maximum put open interest at 22,500

• Securities in ban period: Aarti Industries, Bandhan Bank, Hindustan Copper, L&T Finance, Manappuram Finance, RBL Bank

The Indian rupee ended at record closing low against the US dollar for the fourth session in a row on Monday as bank persistently purchased the greenback on fears that the Indian unit will decline further.

The rupee depreciated beyond the psychologically crucial level of 86 per dollar at open, as the dollar index hovered around over two-year high and oil prices surged.